# Garuda Construction IPO Allotment Status: Check Application, GMP, and Listing Date URL: https://technosports.co.in/garuda-construction-ipo-allotment-status/ Published: 2024-10-12 Updated: 2024-10-12 Author: Raunak Saha The much-anticipated **Garuda Construction [IPO](https://technosports.co.in/tag/ipo/)** is nearing its allotment phase, and investors are eager to check their application status. Based in Mumbai, **Garuda Construction** is offering shares in the price band of **Rs 92-95 per share**, with a lot size of **157 shares**. The company is expected to finalize the **share allotment** on **Friday, October 11**. ![Garuda Construction IPO Allotment Status: Check Application, GMP, and Listing Date](https://technosports.co.in/wp-content/uploads/2024/10/image-17-227.jpg) *Garuda Construction IPO Allotment Status* ## Garuda Construction IPO Allotment Status: All Details Uncovered in 2024 ### **Key Dates to Remember** - **Bidding Period**: October 08 – October 10 - **Allotment Finalization**: Friday, October 11 - **Listing Date**: Tentatively set for **Tuesday, October 15** Investors will receive notifications regarding their allotment status, debit of funds, or revocations of IPO mandates over the weekend or by **Monday, October 14** at the latest. ### **Garuda Construction IPO Overview** Garuda Construction’s [IPO](https://technosports.co.in/tag/ipo/), which raised a total of **Rs 264.10 crore**, included a fresh issue of shares worth **Rs 173.85 crore** and an offer-for-sale (OFS) of up to **95 lakh equity shares**. Despite the company’s broad scope in providing construction services across residential, commercial, infrastructure, and industrial sectors, the IPO saw a **muted investor response**. - **Total Subscription**: 7.55 times - **Retail Investors’ Subscription**: 10.81 times - **Non-Institutional Investors (NIIs) Subscription**: 9.03 times - **Qualified Institutional Buyers (QIBs) Subscription**: 1.24 times ![Garuda Construction IPO Allotment Status: Check Application, GMP, and Listing Date](https://technosports.co.in/wp-content/uploads/2024/10/image-18-7-658x1024.jpg) *Image via Livemint* ### **GMP and Investor Sentiment** The **Grey Market Premium (GMP)** for Garuda Construction has seen a significant dip, reflecting the lukewarm response from investors. As of the latest reports, the stock is commanding **no premium** in the unofficial market, indicating minimal listing gains. ### **How to Check Garuda Construction IPO Allotment Status** Investors who have applied for the **Garuda Construction IPO** can easily check their allotment status through two official platforms: **BSE** and **Link Intime India**, the [IPO](https://technosports.co.in/tag/ipo/) registrar. ![Garuda Construction IPO Allotment Status: Check Application, GMP, and Listing Date](https://technosports.co.in/wp-content/uploads/2024/10/image-17-229.jpg) #### **Via BSE Website**: 1. Visit [BSE Allotment Status](https://www.bseindia.com/investors/appli_check.aspx) 2. Select “Equity” under the issue type. 3. Choose “Garuda Construction and Engineering Limited” from the dropdown menu. 4. Enter your **application number** and **PAN card** details. 5. Click on “I am not a robot” and hit the **Search** button. #### **Via Link Intime India Website**: 1. Go to [Link Intime India](https://linkintime.co.in/MIPO/Ipoallotment.html). 2. Select **Garuda Construction and Engineering** in the [IPO](https://technosports.co.in/tag/ipo/) dropdown (if allotment is finalized). 3. Choose the method to check (Application number, Demat Account number, or PAN ID). 4. Select the application type: **ASBA** or **Non-ASBA**. 5. Enter the details, complete the captcha, and click **Submit**. ### **What’s Next?** Garuda Construction’s shares are scheduled to be listed on **BSE** and **NSE** on **October 15, 2024**. Keep an eye on the **Link Intime India** website and BSE for the final allotment results. ![Garuda Construction IPO Allotment Status: Check Application, GMP, and Listing Date](https://technosports.co.in/wp-content/uploads/2024/10/image-17-230.jpg) ### **About Garuda Construction** Founded in **2010**, **Garuda Construction** offers comprehensive construction services across various sectors, including residential, commercial, industrial, and infrastructure. Despite a **sluggish financial performance** and the cyclical nature of its business, brokerage firms have shown a **positive long-term outlook** on the company due to its strong order book and diversified portfolio. This [IPO](https://technosports.co.in/tag/ipo/) marks another significant milestone for **Garuda Construction**, as it continues to expand its presence in the Indian construction industry. Stay tuned for the latest updates on **Garuda Construction’s IPO** and make sure to check your allotment status using the steps outlined above! ## FAQs ### **1. What is the price band of the Garuda Construction IPO?** The price band for the **Garuda Construction IPO** is set between **Rs 92-95 per share**. ### 2. What is the lot size for the Garuda Construction IPO? The minimum lot size is **157 shares**, and investors can apply in multiples thereafter. ### 3. When will the Garuda Construction IPO allotment be finalized? The allotment of shares is expected to be finalized on **Friday, October 11, 2024**. ### 4. How much did Garuda Construction raise from the IPO? Garuda Construction raised a total of **Rs 264.10 crore**, which includes a fresh share issue worth **Rs 173.85 crore** and an offer-for-sale (OFS) of up to **95 lakh equity shares**. ### 5. What is the Garuda Construction IPO subscription status? The IPO was **7.55 times oversubscribed** overall: **Retail investors**: 10.81 times **Non-institutional investors (NIIs)**: 9.03 times **Qualified Institutional Buyers (QIBs)**: 1.24 times ### 6. How do I check my Garuda Construction IPO allotment status? You can check the allotment status through the **BSE** website or **Link Intime India**, the IPO registrar. Detailed steps for both methods are provided above in the blog post. ### 7. What is the Grey Market Premium (GMP) for the Garuda Construction IPO? As of now, the **Grey Market Premium (GMP)** is currently showing **no premium**, indicating a negligible listing gain.